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Asure Software, Inc. (NASDAQ: ASUR) is a leading provider of cloud-based Human Capital Management (HCM) software solutions. With a focus on helping small and mid-sized businesses (SMBs) develop their human capital, Asure ensures they stay compliant, efficiently allocate resources, and drive growth. The company's HCM suite, branded as AsureHCM, includes cloud-based payroll and tax services, HR management, and time and attendance solutions. Additionally, Asure offers HR services ranging from projects to outsourcing payroll and consulting services.
Serving over 5,000 clients worldwide, Asure brings innovative workplace and workforce management solutions that meet the evolving needs of an agile workforce. Their comprehensive suite includes HR, payroll, time and attendance, benefits administration, and talent management. These solutions are designed to streamline HCM processes, making them more efficient and scalable by integrating AI technology.
Recent achievements highlight Asure's commitment to innovation and growth. The company announced a strategic partnership with Key Benefit Administrators (KBA) to deliver the Proactive Health Management Plan (PHMP). This partnership aims to enhance employee health and reduce costs for employers and employees by offering a wide range of health services, including telemedicine, biometric screenings, and wellness coaching.
Financially, Asure reported significant growth in 2023 with a total revenue of $119.1 million, a 24% year-over-year increase. The company's efforts to advance technology through strategic partnerships, such as its invitation to join the SAP PartnerEdge Open Ecosystem, are expected to drive future growth. This partnership allows Asure to enhance its payroll tax engine and streamline payroll tax processes for SAP clients.
Asure's approach to HR compliance incorporates AI to enhance scalability and efficiency while prioritizing client interactions. Their ongoing initiatives, including the integration of generative AI through a partnership with AWS, aim to push the boundaries of HCM technology, providing more agile, efficient, and user-centric solutions.
For more information on Asure Software's latest news and services, visit their official website at www.asuresoftware.com.
Asure Software (Nasdaq: ASUR), a cloud-based Human Capital Management software solutions provider, has announced its participation in six major financial conferences during November and December 2024. The schedule includes the Craig-Hallum Alpha Select Conference, Roth Technology Conference, Stephens Annual Investment Conference, Needham SaaS Conference, TD Cowen's Human Capital Management Summit, and Northland Capital Markets Growth Conference. The events will feature one-on-one meetings, with some including fireside chats, taking place both in-person and virtually across New York, Nashville, and online platforms.
Asure Software reported Q3 2024 financial results with revenue of $29.3 million, nearly unchanged year-over-year. Notably, recurring revenue grew 20% to $28.6 million, representing 98% of total revenue compared to 81% in the prior year. The company reported a net loss of $3.9 million versus $2.2 million loss year-over-year. Key highlights include expansion of Payroll Tax Management product with new enterprise clients, HCM architectural improvements, and upcoming launch of AsurePay™ financial services. Management provided Q4 2024 revenue guidance of $30-32M and initiated FY2025 guidance of $134-138M.
Asure's Chairman and CEO, Pat Goepel, has been named the 2024 Best CEO of a Public Company by the Austin Business Journal. This recognition celebrates Goepel's outstanding leadership, strategic vision, and contributions to both Asure and the Austin business community.
Under Goepel's leadership since 2009, Asure has grown its annual revenue from $10.03M to $119M, transforming into a leading provider of cloud-based Human Capital Management (HCM) software solutions. The company has sustained double-digit revenue growth over the past three years, driven by Goepel's ability to capitalize on emerging technologies and market opportunities.
Goepel's leadership style combines strategic vision, hands-on management, and a commitment to fostering a unified company culture. He focuses on driving meaningful change while ensuring organizational alignment. Goepel expressed his honor at receiving the recognition, emphasizing that it reflects the success of the entire Asure team and the potential for future growth.
Asure Software (Nasdaq: ASUR), a leading provider of cloud-based Human Capital Management (HCM) software solutions, has announced it will release its third quarter 2024 financial results on October 31, 2024. The company will host a conference call at 4:30 p.m. Eastern time on the same day to discuss the results.
The call will be led by Asure's Chairman and CEO Pat Goepel and CFO John Pence, followed by a question-and-answer session. Investors can join the call using the U.S. dial-in number 877-407-9219 or the international dial-in 201-689-8852, with the confirmation code 13749566. The call will also be webcast on Asure's investor relations website, with a replay available afterwards.
Asure Software (Nasdaq: ASUR), a leading provider of cloud-based Human Capital Management (HCM) software solutions, has announced its participation in two investor conferences in September 2024. The company will attend the 17th Annual Barrington Research Virtual Fall Investment Conference on Thursday, September 12, 2024, participating in virtual one-on-one meetings. On the same day, Asure will also be present at the Lake Street Capital Markets 8th Annual Best Ideas Growth Conference in New York, NY, engaging in one-on-one meetings with investors. These conferences provide Asure Software with opportunities to connect with financial institutions and potential investors, showcasing their HCM solutions and business strategy.
Asure (NASDAQ: ASUR) has acquired HireClick, an innovative applicant tracking system (ATS) designed for small and mid-sized businesses. This strategic move expands Asure's Human Capital Management (HCM) suite with an AI-powered hiring solution that streamlines the recruitment process. HireClick offers features such as job description creation, posting to national job boards, applicant tracking, and a personalized careers website.
The acquisition aligns with Asure's mission to simplify people management and help businesses compete for top talent. Pat Goepel, Asure's Chairman and CEO, emphasized the importance of hiring in business success and the company's goal to reduce administrative burdens. Scott Peterson, VP and GM for HireClick, highlighted the solution's ability to make digital talent acquisition more accessible for employers and job seekers alike.
Asure Software (Nasdaq: ASUR) reported Q2 2024 results with revenue of $28 million, down 8% year-over-year due to a $6.5 million reduction in ERTC revenue. However, recurring revenue grew 18% to $27.1 million. The company experienced a net loss of $4.4 million and Adjusted EBITDA of $4.1 million.
Key highlights include:
- Revenue excluding ERTC up 18% to $27.5 million
- Gross profit of $18.9 million
- Non-GAAP gross profit of $20.4 million (73% margin)
Asure announced new partnerships and acquisitions, including an agreement with Vensure Employer Solutions and the acquisition of an applicant tracking system technology company. The company updated its full-year 2024 revenue guidance to $123M-$129M.
Asure Software (Nasdaq: ASUR), a leading provider of cloud-based Human Capital Management (HCM) software solutions, has announced its upcoming second quarter 2024 financial results conference call. The call is scheduled for Thursday, August 1, 2024, at 4:30 p.m. Eastern time. Asure's Chairman and CEO Pat Goepel, along with CFO John Pence, will host the call, which will be followed by a question-and-answer session.
Financial results will be released via press release prior to the call. Investors can join the conference call using the provided U.S. and international dial-in numbers. The call will also be webcast on Asure's investor relations website, with a replay available afterwards.
Asure (NASDAQ: ASUR) announced a strategic partnership with MyHRScreens to provide enhanced background screening services for small and mid-sized businesses. This collaboration aims to streamline the hiring process by offering comprehensive background checks, including criminal history, employment, education verifications, and drug testing. CEO Pat Goepel emphasized the importance of these screenings in mitigating risks and accelerating onboarding. The partnership will enable Asure's SMB clients to make informed, confident hiring decisions, ensuring legal compliance and a safer work environment.
Asure Software (NASDAQ: ASUR) has announced a new agreement with Vensure Employer Solutions to introduce the PrismHR TAX platform. This collaboration aims to enhance payroll tax management services for PrismHR clients and Vensure's internal operations. Leveraging Asure's advanced technology, the platform ensures compliance with federal, state, and local tax regulations, reducing financial risk for companies. The agreement is expected to provide Vensure and its clients with improved regulatory compliance and streamlined payroll processes, strengthening their HR technology portfolio.
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